India is investment destination of the decade: HSBC report

India’s solid macroeconomic fundamentals put it on track to be the global growth engine in the coming decade and beyond

June 26, 2023

What makes India best investment destination over the next decade: HSBC Wealth Report decodes

HSBC said in its recent report that with longstanding trends of solid economic growth, young demographics, urbanization, and the rise of an aspirational middle class, India stands out as one big shining star in the global economy.

The country is on track to becoming the world’s third-largest economy in the next decade and doubling its economy size to $ 7 trillion.

These should in turn create unprecedented investment opportunities in the country over the next five to ten years.

New growth drivers like digitalization, the rapid ascend of India’s start-up ecosystem, high-tech exports, maturing reforms and the strength of the corporate balance sheets altogether greatly enhance growth prospects and investability of the Indian economy, the report said.

India’s solid macroeconomic fundamentals put it on track to be the global growth engine in the coming decade and beyond.

For centuries, the West has been the epicentre of economic might, wealth, and investment opportunities but over the last few years, the centre of economic gravity has gradually been shifting to the East.

The world’s biggest democracy’s influence is fortifying its geopolitics, aided by its economic success and its policy of non-alignment. Together these factors make India an important investment destination for the next decade and beyond, the report said.

[With Inputs from IANS]

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